Hedera (HBAR) Soars 50% To Mark New 20-Month High, Fuels Bullish Price Targets

12:18 am
February 20, 2024
Featured image for “Hedera (HBAR) Soars 50% To Mark New 20-Month High, Fuels Bullish Price Targets”

## HBAR (Hedera) Achieves 20-Month High with 50% Surge, Encourages Bullish Forecasts

Hedera (HBAR), a decentralized public network celebrated for its near real-time consensus and developer-friendly environment, is making headlines in the cryptocurrency market with its remarkable performance. As the cryptocurrency market experiences a resurgence in bullish sentiment, HBAR has distinguished itself as one of the leading altcoins among the top 100 cryptocurrencies by market capitalization.

### Trading Volume for HBAR Skyrockets by 200%

Over the past fourteen days, HBAR has seen a substantial surge of almost 50%. This upward trend extends to the thirty-day and year-to-date time frames, with gains of 36.8% and 15% respectively. In the same period, HBAR’s price has surged by 33.5% in the past seven hours and 17% in the last twenty-four hours, propelling it beyond its previous 19-month high to achieve a new 20-month high of $0.1060.

Moreover, the surge in trading volume, which currently stands at $218,438,657 in the last 24 hours, reflects the heightened market activity surrounding HBAR, representing a significant 204.90% increase from just one day ago, according to CoinGecko data. Despite the impressive performance, the road to HBAR’s all-time high (ATH) of $0.5759 presents a formidable challenge, with the cryptocurrency requiring a staggering 443% uptrend to reclaim its previous milestone.

In the near term, HBAR faces a crucial hurdle at the $0.110 level, with further resistance levels at $0.1148 and $0.1285. Should bullish momentum persist, attention will then shift to the resistance at $0.1506, followed by $0.1690 and $0.1822. On the downside, the $0.0855 level is expected to act as a support, preventing HBAR from establishing a lower low within the current market uptrend structure.

### Hedera Network Welcomes Mondelēz International

As the adoption of cryptocurrencies gains momentum among major companies worldwide, the Hedera Council has announced a significant partnership. Notably, Mondelēz International, a prominent multinational food company renowned for its global brands, including Oreo, Ritz, LU, Clif Bar, Cadbury Dairy Milk, Milka, and Toblerone, has joined the Council. This collaboration marks a significant milestone as Mondelēz International aims to leverage distributed ledger technology (DLT)-based solutions on the Hedera network, with a focus on digital transformation initiatives, supply chain management, and enhancing core business processes.

The Hedera protocol and its native token HBAR have experienced substantial growth in market capitalization, trading volume, and partnerships, reflecting the increasing interest from investors in the protocol’s offerings. This positive environment sets the stage for future growth and development of the protocol. However, it remains to be seen whether HBAR can sustain investor attention and continue to achieve price gains, considering the possibility of market corrections following the significant gains recorded in the past 30 days. Nonetheless, HBAR appears well-positioned to emerge as one of the top-performing altcoins in the current bull run.

*Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.*

## FAQ

### How much has HBAR surged in the past fourteen days?
HBAR has recorded a substantial surge of almost 50% over the past fourteen days.

### What is the trading volume for HBAR in the last 24 hours?
The current trading volume for HBAR stands at $218,438,657 in the last 24 hours.

### What are the resistance levels faced by HBAR?
In the near term, HBAR faces a crucial hurdle at the $0.110 level, with further resistance levels at $0.1148 and $0.1285. Should bullish momentum persist, attention will then shift to the resistance at $0.1506, followed by $0.1690 and $0.1822.

### What significant partnership did the Hedera Council announce?
Mondelēz International, a multinational food company with brands like Oreo and Cadbury Dairy Milk, has joined the Hedera Council, aiming to leverage distributed ledger technology (DLT)-based solutions on the Hedera network.

### What are the challenges for HBAR in reclaiming its all-time high (ATH)?
The road to HBAR’s all-time high (ATH) of $0.5759 presents a formidable challenge, with the cryptocurrency requiring a staggering 443% uptrend to reclaim its previous milestone.


Share:

More in this category ...

7:34 pm April 17, 2024

Crypto Exchanges Bitcoin Supply Can Only Last For 9 Months, ByBit Report

Featured image for “Crypto Exchanges Bitcoin Supply Can Only Last For 9 Months, ByBit Report”
7:27 pm April 17, 2024

SUI spikes 11% as BTC, ETH slide: Here’s why Sui value is surging?

Featured image for “SUI spikes 11% as BTC, ETH slide: Here’s why Sui value is surging?”
4:46 pm April 17, 2024

Using dig +hint to know DNS solution from begin to end

Featured image for “Using dig +hint to know DNS solution from begin to end”
12:15 pm April 17, 2024

Puffer Finance raises $18 million in new investment spherical

Featured image for “Puffer Finance raises $18 million in new investment spherical”
7:37 am April 17, 2024

XRP Price Recovery Could Soon Fade, These Are Key Levels To Watch

Featured image for “XRP Price Recovery Could Soon Fade, These Are Key Levels To Watch”
5:06 am April 17, 2024

IBM and TechD companion to safely percentage knowledge and gear insights with gen AI

Featured image for “IBM and TechD companion to safely percentage knowledge and gear insights with gen AI”
5:03 am April 17, 2024

WOO unveils innovation hub thinking about Bitcoin’s ecosystem

Featured image for “WOO unveils innovation hub thinking about Bitcoin’s ecosystem”
9:51 pm April 16, 2024

OKX launches public mainnet for its ZK-powered L2 community “X Layer”

Featured image for “OKX launches public mainnet for its ZK-powered L2 community “X Layer””
7:40 pm April 16, 2024

Arkham Releases Top 5 Crypto Rich List

Featured image for “Arkham Releases Top 5 Crypto Rich List”
5:27 pm April 16, 2024

Ankr and Brevis coChain associate to reinforce web3 networks with ZK

Featured image for “Ankr and Brevis coChain associate to reinforce web3 networks with ZK”
5:48 am April 16, 2024

4 techniques generative Machine Intelligence addresses production demanding situations

Featured image for “4 techniques generative Machine Intelligence addresses production demanding situations”
12:14 am April 16, 2024

Germany’s biggest federal state financial institution companions with Bitpanda

Featured image for “Germany’s biggest federal state financial institution companions with Bitpanda”
7:46 pm April 15, 2024

Dogecoin Whales Send 800 Million DOGE To Exchanges, Dump Incoming?

Featured image for “Dogecoin Whales Send 800 Million DOGE To Exchanges, Dump Incoming?”
6:09 pm April 15, 2024

Data virtualization unifies information for seamless Machine Intelligence and analytics

Featured image for “Data virtualization unifies information for seamless Machine Intelligence and analytics”
5:02 pm April 15, 2024

NEO rebounds previous $22.8 as this meme coin presale surges previous $4.8 million

Featured image for “NEO rebounds previous $22.8 as this meme coin presale surges previous $4.8 million”
7:49 am April 15, 2024

SOL Price Dump and Pump, Can Solana Overcome Selling Pressure?

Featured image for “SOL Price Dump and Pump, Can Solana Overcome Selling Pressure?”
7:49 pm April 14, 2024

Bitcoin Bonanza Before The Halving? Analyst Sees Pre-Crash Buying Window

Featured image for “Bitcoin Bonanza Before The Halving? Analyst Sees Pre-Crash Buying Window”
7:52 am April 14, 2024

Avalanche (AVAX) Downtrend Persists Amid Market Uncertainty

Featured image for “Avalanche (AVAX) Downtrend Persists Amid Market Uncertainty”
9:49 pm April 13, 2024

Binance Labs backs BounceBit for Bitcoin restaking and CeDeFi revolution

Featured image for “Binance Labs backs BounceBit for Bitcoin restaking and CeDeFi revolution”
7:56 pm April 13, 2024

Market Expert Reveals Why Solana Price Is Poised To Go Higher

Featured image for “Market Expert Reveals Why Solana Price Is Poised To Go Higher”
2:37 pm April 13, 2024

Bitfinex introduces tokenized debt for El Salvador’s first Hampton by means of Hilton Hotel

Featured image for “Bitfinex introduces tokenized debt for El Salvador’s first Hampton by means of Hilton Hotel”
7:59 am April 13, 2024

Analyst Predicts ‘Realistic’ 5x Surge To $3

Featured image for “Analyst Predicts ‘Realistic’ 5x Surge To $3”
7:50 am April 13, 2024

IBM researchers to put up FHE demanding situations at the FHERMA platform

Featured image for “IBM researchers to put up FHE demanding situations at the FHERMA platform”
7:25 am April 13, 2024

Algotech’s 3rd presale degree surpasses $3.7m, with over 94 million tokens offered up to now

Featured image for “Algotech’s 3rd presale degree surpasses $3.7m, with over 94 million tokens offered up to now”
12:13 am April 13, 2024

Omni Network lands on Binance Launchpool as Algotech alternatives presale momentum

Featured image for “Omni Network lands on Binance Launchpool as Algotech alternatives presale momentum”
8:10 pm April 12, 2024

Merging top-down and bottom-up making plans approaches

Featured image for “Merging top-down and bottom-up making plans approaches”
8:01 pm April 12, 2024

Shiba Inu Sell Pressure Is Dropping

Featured image for “Shiba Inu Sell Pressure Is Dropping”
4:53 pm April 12, 2024

Hong Kong’s spot ETFs document drives BTC upper; traders pile into Bitbot presale

Featured image for “Hong Kong’s spot ETFs document drives BTC upper; traders pile into Bitbot presale”
9:41 am April 12, 2024

Monero (XMR) trade troubles proceed with some other main delisting

Featured image for “Monero (XMR) trade troubles proceed with some other main delisting”
8:31 am April 12, 2024

IBM Blog

Featured image for “IBM Blog”